"The persistent low numbers for Latinos is bad for business. Companies and boards have a Latino blindspot. There are thousands of qualified Latinos. There is simply no excuse."

Esther Aguilera

LCDA President and CEO

Reuters: Minority directors reach milestone 20% of Russell 3000 board seats

Racial and ethnic minorities now hold a fifth of board seats at Russell 3000 (RUA) companies, up from 12% in 2019, but remain underrepresented, data from ISS Corporate Solutions on Tuesday showed. 

LCDA Member, Marta Newhart, a Mexican-American and former brand chief of Westinghouse Electric who is active in the Latino Corporate Directors Association, said the figures show companies should work harder to attract more diverse directors who can help them serve broad customer bases.

Compared to Hispanics' total share of the U.S. population, their 3.6% share of board seats "isn't anywhere near where it's supposed to be," she said. >READ MORE

The Wall Street Journal: People of Color Fill One Out of Five Corporate Board Seats for the First TimeInstitutional investors have been pushing companies to diversify their boards

Asian directors filled 7.2% of board seats while Hispanic directors held 3.6%, according to ICS. Directors of Middle Eastern or North African descent as well as Native American, Alaska Native, or Native Hawaiian directors each occupy less than 1% of board seats. 

The analysis shows the impact of investors pushing portfolio companies to diversify their boards, Ms. Kramer said. Some large institutional investors like BlackRock Inc., State Street Corp. and Fidelity Investments say they take boardroom diversity into account when making investments.>READ MORE

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